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conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to be the kind of p
conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended...
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security chrks can be phased in g
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate...
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you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you know, i'm a supporter of the simpson-bowles approach, but we are where we are right now. and i think to chuck's point, this may make it -- and to your point -- and they may get to a point where this is very uncomfortable for democrats. again, $2 trillion, both are asking for that, it with certainly get us through the year, avoid sequestration, avoid the pain that many in the business community are concerned about. if we start growing again, imagine how easy this conversation will be next year if the economy is growing at 3% to 4%. >> yes, and the spirit of jack kemp rises from the table of "morning joe." >> gr
you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to...
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president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...
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. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he has leverage when it comes to getting tax increases on the wealthiest americans. at this point in time, showing no sign that they're going to give on the issue. it's a bit of a game of chicken which mike was talking about, both side is waiting for the other to concede a little before they agree to give up anything. president obama is going to continue his p.r. campaign today, thomas. to try to put the pressure on house republicans to get on board. he's going to grant a number of interviews to anchors from local affiliates from across the country. of course, we've had him invite chief stakeholders here to the white house. he's also traveled, making trips to pennsylvania, as well as michigan in recent days to kind of put the pressure on republicans to come over to his side on this issue of taxes. but, of course, that continues to be the main sti
. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he has leverage when it comes to getting tax increases on the wealthiest americans. at this point in time, showing no sign that they're going to give on the issue. it's a bit of a game of chicken which mike was talking about, both side is waiting for the...
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president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pel
president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's...
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governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affe
governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus,...
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tell us where you want to cut, republicans. that's not what president obama ran on. he ran on raising the top tax rate for the top 2%. that's what he wanted to do and what he should focus on. >> let me play what the president said in a new interview with abc regarding taxes. let's play it. >> taxes are going to go up one way or the other. i think the key is to mick sure that taxes go up on high end individuals. we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> our team points out that we see the white house is being cautiously optimistic about a deal while the house republicans are cautiously pessimistic. we still have a ways to go. as you heard the president say, time is running out. what do we make. warning to house republicans that we could be working through the holidays s. that significant at this point? >> yeah. i think it's also darkest before the dawn and people have to freak out before they get ready to deal. it's not until the pressure is on and the deadline is upon us. people realize that it's going to b
tell us where you want to cut, republicans. that's not what president obama ran on. he ran on raising the top tax rate for the top 2%. that's what he wanted to do and what he should focus on. >> let me play what the president said in a new interview with abc regarding taxes. let's play it. >> taxes are going to go up one way or the other. i think the key is to mick sure that taxes go up on high end individuals. we can afford it. it is entirely possible for us to come up with a deal,...
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tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus about the tax cut and no specifics in their planned, and not even senator mcconnell endorsed the plan. we can make a difference right now, by putting the middle- income tax issue up for a vote. democrats are unified on it. we have been discharged position to bring it to t
tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we...
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the re-election of president obama validates his particular approach here, which is that middle class people should not have a burden placed upon their shoulders. the working classes should not be punished, and god knows the working poor should not be further marginalized in this economy by trying to give goodies and treats to the republicans. they are playing grinch for -- the grinches who stole the christmas of working class people here, and president obama is trying to talk about the spirit of generosity and common sense of the american people. so what he's been trying to say is, i'm not going to budge, and i think he's got a reassured approach here. the american public has spoken. president obama has girded up his lions and he's digging in his heels. it may be one of these right before the stroke of midnight that he says, look, i have no other choice here. we're not going to have this mexican standoff, so to speak, and i have to get out of the way in the game of chicken. recogniz otherwise, ear all going to be soup at the end of the day. >> harry reid cites paul ryan as one of tho
the re-election of president obama validates his particular approach here, which is that middle class people should not have a burden placed upon their shoulders. the working classes should not be punished, and god knows the working poor should not be further marginalized in this economy by trying to give goodies and treats to the republicans. they are playing grinch for -- the grinches who stole the christmas of working class people here, and president obama is trying to talk about the spirit...
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now defense cuts. more and more republicans are saying that they're willing to talk about it. >> good. >> saying it junt cuts their credibility on other spending issues. >> good. >> it's the pentagon. >> there is so much waste in the pentagon. it's one of the few bureaucracies you can't audit. it is impossible. whether you're talking to peter peterson, dave walker, they tell you, you can't audit the pentagon. it is impossible. >> and yet there are some republicans you say who are willing to go out on a ledge and say it's time to look at this. and what are the costs of doing that politically? >> well, they are, and part of it is the changing times. it's not the cold war anymore. it's these younger members who are coming up. also to be consistent, you have members saying why are we opposing the sequester? why are we panicked that these spending cuts might take place? this is what we want. so that's another fight that's in the conference. are they going to be totally consistent on spending, or are they go
now defense cuts. more and more republicans are saying that they're willing to talk about it. >> good. >> saying it junt cuts their credibility on other spending issues. >> good. >> it's the pentagon. >> there is so much waste in the pentagon. it's one of the few bureaucracies you can't audit. it is impossible. whether you're talking to peter peterson, dave walker, they tell you, you can't audit the pentagon. it is impossible. >> and yet there are some...
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or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you after having already voted to cut taxes and spend until you absolutely must be raised is somehow a useful tool for getting their way. i know you love all the attention, but seriou
or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on...
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spending cuts. unless we treat this like it's an actual problem and not just political theater, all of this stuff is meaningless. totally meaningless. >> the thing i would say on that is it's less like an economic plan and more like fairness and people feeling like they are not getting the raw end of the deal. >> that's political and that's fine. i understand the political argument for it. they are acting like this is going to solve a lot of problems and it's not. republicans are acting like it is going to be the end of the world and it's not. we need to just swallow this bitter pill and move forward and talk about tax reform and entitlement reform and the things we need to address our fiscal problems. >> part of what we are seeing is going back to seeing an anti-government party trying to drag down government and that's going to be good for the business in general. i agree with most of what you guys said except with what you said. i'm glad you said fetish. i like when the word fetish is in any conv
spending cuts. unless we treat this like it's an actual problem and not just political theater, all of this stuff is meaningless. totally meaningless. >> the thing i would say on that is it's less like an economic plan and more like fairness and people feeling like they are not getting the raw end of the deal. >> that's political and that's fine. i understand the political argument for it. they are acting like this is going to solve a lot of problems and it's not. republicans are...
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and retailers. >>> president obama and john boehner are keeping mum on their face-to-face negotiations on sunday. as the clock ticks down it appears some republicans may be softening their stance. nbc's brian moore has the very latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you won't generate enough revenue to have meaningful deficit reductions. >> republicans want
and retailers. >>> president obama and john boehner are keeping mum on their face-to-face negotiations on sunday. as the clock ticks down it appears some republicans may be softening their stance. nbc's brian moore has the very latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by...
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taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season? >>> all and that a federal case of it. why when it comes to gay marriage the train can't be stop. neither can we. it's "the cycle" and it's monday, december 10th. >>> it's monday, fun day here at "the cycle." let's get the party started. where will it land today? fiscal cliff? huh. so much for fun. well you know what? we at "the cycle" can make it fun. look at this. the president living it up in motown last hour calling on republicans to stop being party poopers. >> i believe america only succeeds and thrives when we've got a strong and growing middle class. i want us to brin
taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season?...
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and second of all, that's exactly what we did, that's what obama care does. make the program much more efficient. >> but what about this idea of raising the entitlement age so the age at which you qualify for some of these? i mean, the president in his original grand bargain discussions with speaker boehner allegedly floated the idea of raising the age to 67. is that something you would consider? >> it is based on the premise that we're all living longer, but you know what, martin? if you're a lower income person, if you're in the lower half of income, you are not living longer, and if you're a poor woman, you have actually lost ground when it comes to longevity. and so it's perfectly fine for many of these ceos, each of whom has an average of $9 million in their retirement fund, to say that we ought to raise the retirement age because we're all living longer. that really isn't happening, and i have people in my office literally crawling in almost almost every week saying i hope i can make it until i'm 65 years old. i need to have this procedure or that proce
and second of all, that's exactly what we did, that's what obama care does. make the program much more efficient. >> but what about this idea of raising the entitlement age so the age at which you qualify for some of these? i mean, the president in his original grand bargain discussions with speaker boehner allegedly floated the idea of raising the age to 67. is that something you would consider? >> it is based on the premise that we're all living longer, but you know what, martin?...
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what kind of political positioning is this and there was an election and obama and senator demint was on fox and more power in the senate than he did in. now watch this. >> this is a dream job for me. it critically important. i don't think republicans are going to win another national election until they first convince americans that our principles work. i think i'm in a more powerful position than a single united states senator. >> being in the minority is no fun but that's a pretty pathetic statement about what it means to be in the minority. the thing that bugs me about demint choosing to do this is immigration is going to be one of the first things that the senate tackles this year. he was a big player in 2007 pushing against bush effort for bipartisan reform. he was taking about building a 700-mile long wall along our south border. i'm not certain why he would choose this moment. >> have a great weekend. >> you, too. >>> she jumped in our hearts at the london games and now she's writing all about it on how she got there. gold medal winner gabby douglas is here. she might even tel
what kind of political positioning is this and there was an election and obama and senator demint was on fox and more power in the senate than he did in. now watch this. >> this is a dream job for me. it critically important. i don't think republicans are going to win another national election until they first convince americans that our principles work. i think i'm in a more powerful position than a single united states senator. >> being in the minority is no fun but that's a...
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but in terms of the demands for specifics, you know, obama wants more specifics from boehner. boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting a serious deal done before the holidays. if you talk about all of the intricate things that wonks on both sides maybe could agree, i'm not sure i would agree to any of them, they're so complicated. senator durbin made this point. maybe you force changes on medicare or social security, i hope not but if you do, you can't do that in ten days or five business days or whatever it is. these things take a lot of time and so for the president to -- for democrats to agree to sort of kick the can, extend the t
but in terms of the demands for specifics, you know, obama wants more specifics from boehner. boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope,...
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president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the facts that raising those two tax is bad economics, bad for jobs, going to hurt the economy. i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> does he have a point? are democrats really prepared to deal with entitlement reform to maybe substantive cuts, the kinds the republicans are calling for? >> chris, hail by barbour menti
president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a...
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spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house democratic whip steny hoyer joins us live just ahead on "now." to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a bo
spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house...
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of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the rest of the revenue without raising tax rates. then the tax rates will go back to the clinton levels. the rest of it will happen automatically, and, you know, the republicans are trying to do this complicated scenario where they vote present. if they don't vote and the democrats vote, it's this ritual where the dmgz do all the voting, and the republicans kind of stand by, and i think they're right to do that, because then you've got a trillion of revenue automatically locked in. then, you know, obama is asking for another $600 bi
of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the...
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the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> the full interview between president obama and barbara walters will air friday at 10:00 p.m. on abc. we do know the president said this. "i'd like to see a big package, but the most important thing we can do is to make sure that middle class taxes do not go up on january 1st. raises the medicare eligibility age will not be a big part of this package." the president said," when you look at the evidence, it's not clear that it actually saves a lot of money." as these negotiations drag on, public opinion remains firmly on the side o
the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can...
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there's a lot of trust being put forward by lawmakers supporting president obama. are you confident that there's not going to be a bad deal out there for liberals? >> well, what i'm worried about is that there will be something between raising the age of medicare eligibility or means testing, further means testing medicare. you know, ed, we means test medicare right now. that's a really important point that gets lost. people who make over $85,000 a year pay more already. it's like, you know, arsenic or cyanide, which do you prefer? i don't think we should agree to either one. >> well, cantor and ryan are part of boehner's strategy team. what does that mean? >> i don't know what the heck that means. it probably means we won't get an agreement. boehner was again talking about the democrats really want business -- small business tax increases and the same old line that he's being fed. and he hasn't put his ideas on the table in a very clear way. >> is boehner about keeping his job? is he all about making sure that he can do a deal and still be speaker? >> that's what
there's a lot of trust being put forward by lawmakers supporting president obama. are you confident that there's not going to be a bad deal out there for liberals? >> well, what i'm worried about is that there will be something between raising the age of medicare eligibility or means testing, further means testing medicare. you know, ed, we means test medicare right now. that's a really important point that gets lost. people who make over $85,000 a year pay more already. it's like, you...
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Dec 5, 2012
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president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we maintain the things that are going to keep us competitive globally like the central funding for education and innovation, and at the same time we also make sure we ask wealthiest americans to pay a little bit more and when it comes to our tax policy that if you work hard and play by the rules in america that everybody has a chance to succeed and that's why you've seen ceos from across the country sign on to that notion, with president obama, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustr
president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we maintain the things that are going to keep us competitive globally like the central funding for education and innovation, and at the same time we also make sure we ask wealthiest americans to pay a little bit more and when it comes to our tax policy that...
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unlike them, obama is not willing to destroy the global economy. and so they figure there is no real need to cut a deal now, because if that deal, particularly if they deal includes concessions like taxes, just wait a couple of months, take the debt ceiling hostage and make everybody believe you'll shoot. this is making boehner weaker. it gives haas republicans an excuse to ignore the cuts the deal he makes. they say oh, we'll just wait it out. the concern that boehner will cut a deal that he can't actually deliver, or at the last minute he'll back off a deal because he won't have the votes. the white house, by the way, they don't think the debt ceiling is republican leverage. when you talk to them, they are all steel right now on that subject. their position is simple, and they deliver it in the tone of voice bruce willis reserves for talking to terrorists. they are not negotiating. not on that. if republicans go over the cliff and try to open up talks for raising the debt ceiling, the white house says they will not hold a meeting. they will not r
unlike them, obama is not willing to destroy the global economy. and so they figure there is no real need to cut a deal now, because if that deal, particularly if they deal includes concessions like taxes, just wait a couple of months, take the debt ceiling hostage and make everybody believe you'll shoot. this is making boehner weaker. it gives haas republicans an excuse to ignore the cuts the deal he makes. they say oh, we'll just wait it out. the concern that boehner will cut a deal that he...
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obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes we live in a world of other countries that are decent countries. they're not all the enemy out there. this right wing attitude it's just us or just us and israel against all these evil third world people and they're just crazy about that. it's so dangerous. >> to finish this point for one second. the thing is -- and this is what ornstein was saying too. that his campaign was based on a lot of major big sweeping lies. now, you can look at obama and point out that he made a mistake, misrepresented obama's policy in this way and that way. but that the overall cas
obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes...
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in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you arrive on set a little late. thrilled to have you here, with ongoing deliberation on capitol hill, you are the eyes. >> eyes and ears hopefully. yet i'm here, congress is recessed this week. >> always a reason, my friend. the fact that tim geithner came out and said, we will go over this cliff, is somewhat counter to what the president has been saying thus far. you couple that and the re
in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he...
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Dec 11, 2012
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today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> krystal, the republicans are on the run here. the new reel that we get to run every night about the latest republicans saying this is absolutely hopeless is absolutely amazing. limbaugh is an amazing spot tonight saying that he doesn't think that there is any republican that can stop this. >> my favorite has been ann coulter. >> how do you win this if all the rates go up? >> i think they are exactly right. i mean, if you're going to have -- if you're going to get what you want if you're republicans, you have to be able to threaten something
today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks...
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could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there's no easy way out of this debt problem. >> not a single economist who talked to us in our hearings said we can't grow our way out of this thing if we had double digit growth for 20 years, you can't cut spending out of this. and you can't tax your way out of this baby. this is impossible. >> earlier today i spoke to the other co-author of the simpson-bowles plan, former white house chief of staffer, erskine bowles, co-founder of the fix the debt campaign. good morning, mr. bowles. >> good morni
could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn...
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go back to the future when we talk to congressman chris van hollen next on "now." [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up
leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go...